Finance Act, 1990
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Amendment of section 265 (balancing allowances and balancing charges) of Income Tax Act, 1967 . |
78.— Section 265 (as amended by section 45 of the Finance Act, 1988 ) of the Income Tax Act, 1967 , is hereby amended by the substitution in subsection (1) of “in respect of which an allowance has been made under Chapter II of Part XV or under this Chapter, and any of the following events occurs” for “and any of the following events occurs while the building or structure is an industrial building or structure”. |